Since the beginning of the year, volatility has been rife in the stock market due to various macroeconomic and geopolitical concerns. The Dow Jones Industrial Average (DJIA) has declined 11.4% year-to-date to close the last trading session at 32,197.59, while the S&P 500 and the Nasdaq Composite have fallen 15.5% and 23% year-to-date to close the last trading session at 4,023.61 and 12,032.42, respectively.
Despite this volatility, shares of The Coca-Cola Company (KO) have remained resilient and gained 6.4% year-to-date to close the last trading session at $63.01. The defensive nature of the business helped the stock stay afloat this year.
